The criteria for eligibility for an unsecured business loan in Brisbane of between $5K and $100K are pretty minimal.
Need more funds? Find out the guidelines for eligibility for our $100K-$500K business loans.
All that is needed to start is your contact information (company name, your name, email and telephone) as well as the amount you’d like to borrow, and your monthly income.
Through the process and before settlement we’ll require confirmation of who you are however, not in order to begin:
Once we’ve started, for loans of more than $150,000 you’ll also require basic financial statements:
Let’s get started now.
Brisbane unsecured loans offers amounts of between $5,000 and $100,000. Terms range from 3 and 24 months. They also offer cash flow friendly repayments that are either per day or weekly.
The application to get the Small Business Loan in under 10 minutes online or by phone. You will receive a same day response and have the funds available in just 24 hours. Traditional company loans refer to an annual rate of interest as well as other fees and charges. We offer a company loan is a pre-paid loan therefore you’ll know ahead of time the total amount payable including any interest, fees or charges. This is then divided into weekly or daily installment amount.
The Small Business Loan can be used for nearly every business need, such as control of cash flow company remodels and marketing for purchasing inventory or new equipment, as general working capital and much more. The loan cannot be used for personal reasons.
The Larger Business Loan is a larger size loan to aid in business growth opportunities. Loans are between $100,000 and $500,000 with a term fixed for up to 36 months. Repayments are scheduled weekly or fortnightly, depending on your cash flow.
This Larger Business Loan has an Origination Fee which is calculated at 2.5 percent of the loan amount.
To be eligible for a loan that is this large, your business needs to have been operating for at least three years and have an annual turnover of $700,000. You must be a New Zealand Citizen (or Permanent Resident) who is over the age of 18, own a New Zealand company (with a valid NZBN/IRD) and be able to prove at the least 12 months of operating.
A large business loan is a great option for almost any business purpose including business remodeling, buying equipment or inventory, as general working capital and so much more. The loan is not available for personal purposes.
Asset security is required for accessing funds over $150,000. It is usually by taking a charge over assets, which could also include registering this with the PPSR or registering a caveat.
A director’s or personal guarantee is a commitment to pay back a loan that is generally based rather than stipulating the security of a specific asset. The person signing the guarantee is personally accountable if the company borrower is unable to repay the debt.
The Personal Property Securities Register (PPSR) is a central, national online register that is operated by the New Zealand Government. It records security interests that have been registered in respect of personal property (including the assets or goods). The PPSR grants prioritisation over property that is personal to be granted depending on the date that a security interest that is registered.
An affidavit is an official form of document to provide the legal claim against a property.
If you’re seeking larger company loans that exceeds $250,000, we may offer an initial pre-approval that will help ease the process. We may be able to do this without a credit check, and within 6 hours of the initial application. This pre-approval is based on an initial assessment that includes you answering some financial well-being questions. It’s not an offer of credit or guarantee of funds. Acceptance without condition is subject to an exhaustive credit evaluation, and any offer that you may receive may have different terms.
You may apply for a business loan if you:
The application process is quick and simple. Just fill out the online application in just a few minutes, and a dedicated business loan specialist will contact you to guide you through the process.
To apply for up to $100,000 you’ll require proof of identity (valid Driver’s Licence), a valid NZBN/IRD as well as at least 6 months of bank statements.
Otherwise, for larger loan sizes, you’ll also require:
$100K – $250K: Details of application, including credit approval, 6-12 months of IRD statements, bank statements (if you have a loan of more than $150K).
$250K – $500K: Details for application including credit consent as well as 12 months of bank records, IRD statement Last 2 years’ finalised financial statements, and interim financials from the current financial year including Aged Payables, Aged Receivables reports.
For an unsecured loan ($5K or more) We can usually provide a response in one hour – as long as you submit your request in standard company times and let us utilise the advanced bank verification system to immediately verify your bank account information online. If you opt to send us copies of your bank statements we can provide an answer in as little as one business day.
For the Larger Business Loan ($100K or more) we might be in a position to provide you with conditional pre-approval within six hours. After you’ve signed the pre-approval, the turnaround time is approximately 2-3 days to receive final approval. However, this can be quicker based upon the circumstances for each application. Some deals have been approved within less than 24 hours.
The quickest method for you to apply is make sure you apply during standard business hours and permit us to use the advanced bank verification system link to instantly check your bank’s information online. If you decide to send us copies of your bank statements , it can take a bit longer.
For the Small Business Loan ($5K to $100K) we usually provide an answer within one hour – provided you apply during normal business time and allow us to use the advanced bank verification system to instantly verify your bank information online. If you want to upload copies of your banking statements, we’ll be able to offer the decision within an business day.
For Larger Business Loans ($100K or more) we may be in a position to provide you with a conditional pre-approval in around six hours. Once you’ve signed your pre-approval, turnaround times are approximately 2-3 days to receive final approval. However, this could be shorter based upon the circumstances for each application. Some offers have been approved in 24 hours.
The fastest method for you to apply is ensure you apply during standard business hours and allow us to use the sophisticated bank verification to check your bank’s information online. If you upload documents from your account statements it will take a little longer.
We provide loans that range from $5,000 and $500,000. If you apply for a specific amount we consider a variety of factors to determine how much we can lend you well-being for your business as well as the amount of repayments your business is able to afford. The total amount of your loan will depend on the particular circumstances that are unique to your business.
If you apply for a set amount, we take into consideration a variety of factors to assess how much we can lend you such as well-being that is your company as well as the amount of the repayments your company can support. The total amount of your loan will be determined by the particular circumstances the business.
When you request the company loans, we will assess the risk assessment of your business and offer you with a customised offer including the amount of the loan, the duration and interest rates. The company loan is an upfront-priced loan so you will be aware of the total amount to be paid, including any costs, fees, or interest rates.
Business loan interest rates depend on a variety of factors like the amount of money of money borrowed, the company assets the money are used to purchase, the industry the business is operating in, how long the business is in operation, how long the company has sufficient cash flow to pay for the loan, and overall well-being as well as creditworthiness business.
There aren’t any hidden costs with our business loans. You’ll know precisely what you need to pay and at what time, from the day you sign up. There’s not any compounding interest and there are no additional charges (as long as you are able to make your payments on time).
We do not charge an application fee. You are able to apply for a loan with no cost upfront or obligation to proceed.
The Origination Fee includes the expenses associated with establishing and managing the loan. This is only a cost if you take out the loan. The Origination Fee for us is 2.5 percent of the loan amount.
You can choose to repay the entire amount of the loan in full at any time.
If you decide to pursue this option, please talk to one of our helpful business loan experts. The specialists will provide you with the details of your repayment along with an early payout estimate. This is calculated as the total of the principal balance plus any accrued interest as of the time of the early payout and 1.5% of the principal remaining and any fees that remain unpaid.
To help you avoid missing payments and to work your cash flow cycle we offer repayments either weekly or daily. They are automatically deducted from your nominated company account.
Protecting your information, and being clear about the ways we gather data, process, exchange and ensure the security of your information is of paramount importance and is a crucial element of our relationship with you.
Yes. We use industry recognised encryption techniques to protect your sensitive, personal financial and other data. Our funders are ISO 27001 qualified for our commitment to customer security and security. We employ a highly sophisticated bank verification system link to immediately verify your bank account information online. This allows us to offer quick responses.
Asset-based borrowing is when a company owner utilises the assets they have to get the funding. The asset may be an individual property, such as the family home, or an business property like a truck or piece of equipment.
The vast majority of lending institutions, including the big banks, tend to make loans secured by an asset. If you’re struggling to pay back the loan, then the asset might be transferred to the lender. In essence, it is an opportunity to secure additional financing using the worth of the asset you already own.
Up to $150,000 in loans it is not necessary to secure assets in advance to gain access to the funds but we do need the personal guarantee. As long as you follow the terms of your loan (as stated in the loan contract) Asset security is not required. For loans over $150K generally, you are able to get the option of a personal guarantee and security is provided in the form of a charge over assets.
